The Presbyterian Seminary is selling 25 acres near Cherokee Park because it says upkeep expenses for the area are simply costing too much. But that decision concerns some people who live in the nearby Alta Vista neighborhood.
The list price of the land on Alta Vista Road is $13.4 million. The real estate listing said the property could be developed into a 78-lot subdivision.
“I think I can speak for most of the neighbors by saying we’re gravely concerned and a little bit shocked and surprised,” said Lisa Morley, vice president of the Alta Vista Neighborhood Association. Morley, who lives near the property line of the lot for sale, said her neighbors are worried about what could be developed.
“That’s the biggest concern,” Morley said. “What it will be developed into and what stipulations will be around what development can take place.”
The Louisville Seminary released a statement concerning the listing: “While we can’t speculate on what a purchaser may do with the property (nor would we be involved in that), as the closest neighbor to this property, what happens here is important to us. We will include covenant provisions in the transaction that would prevent a zoning change from the current single-family residential zoning.”
But that sentiment is not easing concerns for those who live nearby.
“We have said we would have accepted that property and accept responsibility for maintaining that portion of the property that adjourns Cherokee Park,” said Layla George, who is with the Olmsted State Conservancy, which works on the upkeep of the park.
She said concerned neighbors have brought up the idea of raising funds to purchase the land.
“We don’t think that would be a burden on our organization to take over the management of that property if the neighbors were able to purchase it and donate it,” George said.
But until a buyer purchases it, there’s no telling what the land may become in the future.
The neighborhood association recently met with the seminary in a closed-door meeting to discuss the sale and possible options for the land.
Participants said there was not much progress and they planned to meet again.